Weakness in GoTo, Bukalapak shares may not dampen Indonesia's IPO market

Weakness in GoTo, Bukalapak shares may not dampen Indonesia's IPO market

Indonesia Stock Exchange (IDX)

The $1.1b initial public offering of Indonesian tech giant GoTo could inspire more local startups to pursue a listing on the local bourse, say experts DealStreetAsia spoke to. The apparent weakness in GoTo’s shares since their listing on April 11, will not be much of a deterrent for the IPO hopefuls, they say.

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